Nearly a month into its run in theaters, Fast & Furious Presents: Hobbs & Shaw still hasn't quite earned back its expenses after factoring in marketing and distribution costs.
After four weeks in theaters, the spinoff film has earned $135 million at the domestic box office and $304 million overseas, bringing its current global box office earnings to $439 million. With a reported production budget of $200 million and its marketing and distribution expenses costing an estimated $125 million, analysts predict Hobbs & Shaw needs to earn at least $600 million to break even. Fortunately, the film's opening in China this weekend will likely make it a solid commercial success.
The Fate of the Furious and Furious 7 each earned more in China than in North America, with the 2015 film earning $391 million in China while its 2017 sequel earned $393 million. Both films went on to earn over $1 billion at the worldwide box office, setting a high bar for Hobbs & Shaw's own commercial expectations.
Despite this, Hobbs & Shaw is currently tracking behind The Fate of the Furious in Chinese ticket pre-sales, only earning $7.56 million ahead of its opening, while the 2017 film earned a staggering $43 million in advance sales. Hobbs & Shaw will almost assuredly make its budget back, but it remains to be seen if it will perform well enough for Universal to greenlight a sequel.
Directed by David Leitch (Deadpool 2) from a script by longtime Fast & Furious veteran Chris Morgan, Fast & Furious Presents: Hobbs & Shaw stars Dwayne Johnson, Jason Statham, Idris Elba and Vanessa Kirby and is out now.
via Variety